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I am not in the business of predicting general stock market of business fluctuations. If you think I can do this, or think it is essential to an investment program, you should not be in the partnership.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Thinking
Investment
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Essentials
Market
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We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private.
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When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
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I wouldn’t mind going to jail if I had three cellmates who played bridge
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Tell me your heroes and I'll tell you how your life will end up
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.
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I made my first investment at age eleven. I was wasting my life up until then.
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If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
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I would say that life at 84, I am having as much fun as I've ever had in my life. I mean I get to do what I love every day with the people I love-and it just doesn't get any better than that.
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Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis.
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If you're in a card game and you can't figure out who the patsy is, you're it.
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We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
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Calculate owner earnings to get a true reflection of value.
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You should look at stocks as small pieces of business.
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If you don't make mistakes you can't make decisions.
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It isn't given to man to be able to run a financial institution where different interest-rate scenarios will prevail on all of that so as to produce kind of smooth, regular earnings from a very large base to start with.
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We're perfectly willing to trade away a big payoff for a certain payoff.
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People do, as long as you have markets, you'll have excesses.
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In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.
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Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.
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